Size of Economic Footprint
The scale to which government should exist and operate in the world is a matter of debate. Government spending in developed countries varies considerably but generally makes up between about 30% and 70% of their GDP. One major exception is the United States, where central government spending takes up less than 20% of GDP, although the combined spending of all administrations reach 36%.
Read more about this topic: Government Operations
Famous quotes containing the words size of, size, economic and/or footprint:
“Delusions that shrink to the size of a woman’s glove,
Then sicken inclusively outwards:
. . . the incessant recital
Intoned by reality, larded with technical terms,
Each one double-yolked with meaning and meaning’s rebuttal:
For the skirl of that bulletin unpicks the world like a knot....”
—Philip Larkin (1922–1986)
“For truly I tell you, if you have faith the size of a mustard seed, you will say to this mountain, ‘Move from here to there,’ and it will move; and nothing will be impossible for you.”
—Bible: New Testament, Matthew 17:20.
“In our personal ambitions we are individualists. But in our seeking for economic and political progress as a nation, we all go up—or else all go down—as one people.”
—Franklin D. Roosevelt (1882–1945)
“There is on the earth no institution which Friendship has established; it is not taught by any religion; no scripture contains its maxims. It has no temple, nor even a solitary column. There goes a rumor that the earth is inhabited, but the shipwrecked mariner has not seen a footprint on the shore. The hunter has found only fragments of pottery and the monuments of inhabitants.”
—Henry David Thoreau (1817–1862)